The employer maintaining this Employee Stock Ownership Plan (ESOP) is an S Corporation.

2T

Participant-directed Account

Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

3H

Controlled Group

Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

3I

Employer Securities Limitations

Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

Questions and Answers

Question

Answer

Amount

During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102?

No

Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance.

No

Were any leases to which the plan was a party in default or classified during the year as uncollectible?

No

Were there any nonexempt transactions with any party-in-interest?

No

Was this plan covered by a fidelity bond?

Yes

$5,000,000

Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty?

No

Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser?

No

Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser?

No

Did the plan have assets held for investment?

Yes

Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets?

No

Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC?

No

Has the plan failed to provide any benefit when due under the plan?

No

If this is an individual account plan, was there a blackout period?

No

If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3?

No

Financials

Income and Expense Statement

Income

$33,407,878

Contributions

$13,838,124

Cash Contributions

$13,838,124

Cash from Employers

$13,838,124

Cash from Participants

$0

Others (including rollovers)

$0

Noncash Contributions

$0

Total Earnings on Investments

$19,569,754

Total Interest

$3,454

Interest-Bearing Cash

$3,454

U.S. Government Securities

$0

Corporate Debt Instruments

$0

Loans (other than to participants)

$0

Participant Loans

$0

Interest from Other Investments

$0

Total Dividends

$150,377

Preferred Stock

$0

Common Stock

$0

Rents

$0

Net gain (loss) on sale of assets

$0

Aggregate Proceeds

$0

Aggregate Carrying Amount

$0

Total Unrealized Appreciation (depreciation) of assets

$19,283,797

Real Estate

$0

Other

$19,283,797

Net investment gain (loss) from common/collective trusts

$0

Net investment gain (loss) from pooled separate accounts

$224,789

Net investment gain (loss) from master trust investment accounts

$0

Net investment gain (loss) from 103-12 investment entities

$0

Net investment gain (loss) from registered investment companies

$-92,663

Other Income

$0

Expenses

$14,634,825

Total Benefit Payments

$14,414,538

Directly to participants or beneficiaries, including direct rollovers

$14,414,538

To insurance carriers for the provision of benefits

$0

Other Benefit Payment Fees

$0

Corrective Distributions

$0

Certain deemed distributions of participant loans

$0

Interest expense

$220,272

Total Administrative Expenses

$15

Professional Fees

$0

Contract Administrator Fees

$0

Investment Advisory and management fees

$0

Other Administrative Fees

$15

Net Income

$18,773,053

Transfers of Assets to this Plan

$0

Transfers of Assets from this Plan

$123,056

Asset and Liability Statement

12/31/2015

12/31/2014

Change YOY

Total Assets

$243,932,695

$220,144,288

10.81%

Total noninterest-bearing cash

$1,000

$1,000

0.00%

Receivables

$11,734,962

$11,734,268

0.01%

Employer Contributions

$11,734,962

$11,734,268

0.01%

Participant Contributions

$0

$0

0.0%

Other Contributions

$0

$0

0.0%

General Investments

$5,629,091

$6,721,112

-16.25%

Interest-bearing cash

$5,629,091

$6,721,112

-16.25%

U.S. Government Securities

$0

$0

0.0%

Corporate Debt Instruments

$0

$0

0.0%

Preferred

$0

$0

0.0%

All Other

$0

$0

0.0%

Corporate Stocks

$0

$0

0.0%

Preferred

$0

$0

0.0%

Common

$0

$0

0.0%

Partnership/joint venture interests

$0

$0

0.0%

Real estate (other than employer real property)

$0

$0

0.0%

Loans (other than to participants)

$0

$0

0.0%

Participants Loans

$0

$0

0.0%

Value of interest in common/collective trusts

$0

$0

0.0%

Value of interest in pooled separate accounts

$23,021,317

$18,100,415

27.19%

Value of interest in master trust investment accounts

$0

$0

0.0%

Value of interest in 103-12 investment entities

$0

$0

0.0%

Value of interest in registered investment companies

$7,759,825

$7,404,993

4.79%

Value of funds held in insurance co. general account

$0

$0

0.0%

Other Investments

$0

$0

0.0%

Employer-related Investments

$195,786,500

$176,182,500

11.13%

Employer Securities

$195,786,500

$176,182,500

11.13%

Employer Real Property

$0

$0

0.0%

Buildings and other property used in plan operation

$0

$0

0.0%

Total Liabilities

$17,444,207

$12,305,797

41.76%

Benefit Claims Payable (1)

$0

$0

0.0%

Operating Payables (1)

$0

$0

0.0%

Acquisition Indebtedness (1)

$0

$0

0.0%

Other liabilities (1)

$17,444,207

$12,305,797

41.76%

Net Assets

$226,488,488

$207,838,491

8.97%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

Other Service Providers Receiving Direct or Indirect Compensation

There are no service providers listed for this plan.

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment

Investment Manager

Type of Investment

Dollar Value

Prin Money Market Sep Acct-R6

Principal Life Insurance Company

DFE: Pooled Separate Account

$15,257,453

Prin Lifetime 2025 Sep Acct-R6

Principal Life Insurance Company

DFE: Pooled Separate Account

$3,233,058

Prin Lgcap S&P 500 Index Sa-R6

Principal Life Insurance Company

DFE: Pooled Separate Account

$2,711,418

Prin Midcap Sep Acct-R6

Principal Life Insurance Company

DFE: Pooled Separate Account

$306,789

Prin Lifetime Strat Inc Sa-R6

Principal Life Insurance Company

DFE: Pooled Separate Account

$290,643

Prin Lifetime 2020 Sep Acct-R6

Principal Life Insurance Company

DFE: Pooled Separate Account

$270,677

Prin Diversified Intl Sa-R6

Principal Life Insurance Company

DFE: Pooled Separate Account

$264,296

Prin Lifetime 2050 Sep Acct-R6

Principal Life Insurance Company

DFE: Pooled Separate Account

$169,230

Prin Largecap Growth II Sa-R6

Principal Life Insurance Company

DFE: Pooled Separate Account

$107,656

Prin Lifetime 2010 Sep Acct-R6

Principal Life Insurance Company

DFE: Pooled Separate Account

$104,032

Prin Lifetime 2045 Sep Acct-R6

Principal Life Insurance Company

DFE: Pooled Separate Account

$89,089

Prin Lifetime 2030 Sep Acct-R6

Principal Life Insurance Company

DFE: Pooled Separate Account

$67,167

Prin Lifetime 2035 Sep Acct-R6

Principal Life Insurance Company

DFE: Pooled Separate Account

$64,268

Prin Lifetime 2015 Sep Acct-R6

Principal Life Insurance Company

DFE: Pooled Separate Account

$43,048

Prin Lifetime 2040 Sep Acct-R6

Principal Life Insurance Company

DFE: Pooled Separate Account

$31,166

Prin Lifetime 2060 Sep Acct-R6

Principal Life Insurance Company

DFE: Pooled Separate Account

$6,143

Prin Lifetime 2055 Sep Acct-R6

Principal Life Insurance Company

DFE: Pooled Separate Account

$5,184

Total

$23,021,317

Insurance Information

Insurance Information

Insurance Carrier Summary

Persons Covered

Principal Life Insurance Company

264

EIN

42-0127290

Industry Code

61271

Contract Number

709043

Contract Year

01/01/2015 — 12/31/2015

Value in General Account at Year End

$0

Value in Separate Accounts at Year End

$23,021,317

Insurance Fees and Commissions

$0

Persons Receiving Commissions and Fees

There are no brokers listed for this plan.

Allocated Funds

Type of Contract

Unspecified

Basis of premium rates

Premiums paid to carrier

$0

Premiums due but unpaid at the end of the year

$0

If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount

$0

Specify the nature of the costs

Unallocated Funds

Type of Contract

Unspecified

Balance at the end of the previous year

$0

Additions

$0

Contributions Deposited during the year

$0

Dividends and credits

$0

Interest credited during the year

$0

Transferred from separate account

$0

Other

$0

Total of Balance and Additions

$0

Deductions

$0

Disbursed from fund to pay benefits or purchase annuities during the year

Information is provided 'as is' and solely for informational purposes, not for investment purposes or advice.BrightScope is not a fiduciary under ERISA. BrightScope is not endorsed by or affiliated with FINRA.